Elm Ridge Management

Elm Ridge Management as of March 31, 2011

Portfolio Holdings for Elm Ridge Management

Elm Ridge Management holds 60 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Lockheed Martin Corporation (LMT) 4.4 $117M 1.5M 80.40
R.R. Donnelley & Sons Company 4.0 $108M 5.7M 18.92
Assured Guaranty (AGO) 3.5 $92M 6.2M 14.90
Transatlantic Holdings 3.0 $81M 1.7M 48.67
Aetna 3.0 $79M 2.1M 37.43
Supervalu 3.0 $79M 8.8M 8.93
Wells Fargo & Company (WFC) 2.9 $78M 2.5M 31.71
Regions Financial Corporation (RF) 2.8 $75M 10M 7.26
Mbia (MBI) 2.8 $73M 7.3M 10.04
Merck & Co (MRK) 2.6 $70M 2.1M 33.01
Pfizer (PFE) 2.5 $68M 3.3M 20.31
Eli Lilly & Co. (LLY) 2.5 $68M 1.9M 35.17
Alcoa 2.5 $66M 3.7M 17.66
Fidelity National Financial 2.5 $65M 4.6M 14.13
Flextronics International Ltd Com Stk (FLEX) 2.5 $65M 8.7M 7.47
Temple-Inland 2.4 $64M 2.7M 23.40
Wal-Mart Stores (WMT) 2.3 $63M 1.2M 52.05
Sanmina-SCI Corporation 2.3 $61M 5.4M 11.21
Masco Corporation (MAS) 2.2 $59M 4.2M 13.92
Panera Bread Company 2.1 $57M 450k 127.00
Home Depot (HD) 2.1 $56M 1.5M 37.06
NRG Energy (NRG) 2.1 $55M 2.6M 21.54
Axis Capital Holdings (AXS) 2.0 $52M 1.5M 34.92
Allstate Corporation (ALL) 1.9 $52M 1.6M 31.78
Applied Materials (AMAT) 1.9 $51M 3.3M 15.62
Raytheon Company 1.9 $50M 985k 50.87
International Paper Company (IP) 1.9 $49M 1.6M 30.18
Northrop Grumman Corporation (NOC) 1.8 $48M 761k 62.71
Sanofi-Aventis SA (SNY) 1.7 $46M 1.3M 35.22
Intrepid Potash 1.7 $45M 1.3M 34.82
Cisco Systems (CSCO) 1.7 $45M 2.6M 17.15
Safeway 1.6 $42M 1.8M 23.54
Boston Scientific Corporation (BSX) 1.5 $41M 5.7M 7.19
Cenveo 1.5 $40M 6.0M 6.53
Macy's (M) 1.4 $36M 1.5M 24.26
Jones Group 1.3 $35M 2.5M 13.75
KapStone Paper and Packaging 1.2 $33M 1.9M 17.17
Quad/Graphics (QUAD) 1.1 $28M 668k 42.54
Whirlpool Corporation (WHR) 1.0 $27M 310k 85.36
Green Mountain Coffee Roasters 1.0 $26M 400k 64.61
Allied World Assurance 0.9 $25M 401k 62.69
Marriott International (MAR) 0.9 $25M 700k 35.58
Cliffs Natural Resources 0.9 $25M 250k 98.28
Liz Claiborne 0.8 $23M 4.2M 5.39
Cit 0.8 $21M 500k 42.55
Walter Energy 0.8 $20M 150k 135.43
Tempur-Pedic International (TPX) 0.8 $20M 400k 50.66
Deere & Company (DE) 0.7 $19M 200k 96.89
Lowe's Companies (LOW) 0.7 $19M 725k 26.43
Brunswick Corporation (BC) 0.6 $17M 671k 25.43
Kimberly-Clark Corporation (KMB) 0.5 $14M 212k 65.27
Chipotle Mexican Grill (CMG) 0.5 $14M 50k 272.38
Domtar Corp 0.5 $13M 145k 91.78
Fastenal Company (FAST) 0.5 $13M 200k 64.83
Apartment Investment and Management 0.5 $13M 500k 25.47
Donaldson Company (DCI) 0.5 $12M 200k 61.29
Equinix 0.3 $9.1M 100k 91.10
Starwood Hotels & Resorts Worldwide 0.3 $8.7M 150k 58.12
MGM Resorts International. (MGM) 0.2 $6.6M 500k 13.15
Alpha Natural Resources 0.2 $5.9M 100k 59.37